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FIAP > Boletín – Recientes > Parametric Reforms in the Public PAYGO Pension Programs Report (1995 – December 2022)
24 May, 2023

Parametric Reforms in the Public PAYGO Pension Programs Report (1995 – December 2022)

Within a span of 27 years, from 1995 to December 2022 (*), in order to reduce fiscal costs:

  • 82 countries increased the contribution rate in their PAYGO programs

(recent examples: Bahrain, Spain, Qatar).

  • 65 increased the retirement age

(recent examples: Switzerland, Ukraine, United Kingdom).

  • 67 adjusted the benefits formula or reduced the benefits plan

(recent examples: Austria, Bahrain, Brazil).

 

This new report includes the gradual increase in the retirement age for women approved in Switzerland, from 64 to 65, making it equal to that of men.

To download the Main results document, click here.

To download the Annex document, click here.

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